Real Estate Investors in China

CBRE Investment Management, part of CBRE Group, operates as a leading global real assets manager, offering sustainable investment solutions that create long-term value for clients, people and communities. With a focus on environmental, social, and financial performance, CBRE IM manages a wide spectrum of real asset classes in over 20 countries. Formed in 2011 through the integration of ING Real Estate Investment Management into CBRE's platform, the firm builds on a lineage dating back to ING REIM (est. 1996) and CBRE Investors (founded 1972). Today, its multicultural team of about 900 professionals, operating from 30+ offices, applies an entrepreneurial and client-centric approach to diversified portfolios including real estate, infrastructure, private equity, and debt strategies. As a committed steward of investor capital, CBRE IM integrates sustainability into its investment approach, partnering with financial institutions to structure financing aligned with ESG goals. By delivering strategic advisory, asset management, and financing across its core real assets, the firm supports resilient communities and thriving economies.

Deyu Family Office, established in 2015, is a prominent multi-family office rooted in the Greater China region, dedicated to serving ultra-high-net-worth individuals and families. The firm offers a comprehensive suite of wealth management services encompassing family inheritance, asset preservation, tax planning, global asset allocation, integrated investment and financing, and philanthropy. Their core mission is to maximize enterprise value, foster enduring family wealth, and provide a distinguished experience for their Chinese clientele, aspiring to be a leader in the family office industry.The firm was founded by Zhang Yong, a seasoned professional with over two decades of experience in the economic and financial sectors, including a significant tenure in private banking at China Minsheng Bank. Deyu Family Office was among the first multi-family offices in China, and its establishment in 2015 is considered a pivotal moment for the country's family office sector. The firm's operating philosophy is guided by principles of "Righteous conduct, trustworthiness, diligence, and harmony."Deyu Family Office's investment activities span a range of asset classes, including equity investments, domestic and overseas securities products, municipal bonds, and fixed income products. They also provide specialized services such as overseas equity structure consulting, identity planning, global asset allocation, and overseas trusts. The firm has garnered recognition within the industry, including awards for "China's best family-office services" and "China's best boutique wealth manager" from Euromoney, and "Family Office Best Performance Award" from Hurun Report.The team at Deyu Family Office comprises approximately 25 professionals with extensive backgrounds in commercial banking, private banking, investment banking, insurance, tax, and consulting, boasting an average of over 16 years of experience. Key team members include founder and chairman Zhang Yong, partner Wei Ling, and investment research director Wang Jian. The firm's shareholder units include notable institutions such as Sunshine Insurance Group, Changjianghui Fund, Dingxin Changcheng Group, Heyu Alternative Investment, and Daopu Capital.

HCL Capital is a single family office based in Hong Kong, representing a Malaysian family with diverse business interests. The firm focuses on preserving wealth and creating impact through its investments. It maintains a diversified portfolio with a significant emphasis on real assets, driven by both ESG (Environmental, Social, and Governance) considerations and financial returns. HCL Capital primarily invests across sectors such as healthcare, technology, real estate, agri/food tech, fintech, and materials.Established in 1987, HCL Capital serves as the family office for a Malaysian family whose core business interests are concentrated in agriculture and real estate, particularly in Sabah, located at the tip of Borneo. Beyond managing a diversified investment portfolio, the family office also provides essential administrative and estate planning support to its family members.While HCL Capital manages a broad portfolio, specific details on individual portfolio companies are not extensively publicized, which is common for family offices. However, reports indicate investments in companies within the Asset Management, Hotels and Resorts, and Restaurants, Hotels and Leisure industries, including entities like ICICI Prudential Asset Management, ITC Hotels, and Flow Travel. The firm has also been noted for making investments in both private equity and seed-stage companies.As a single family office, HCL Capital's investment strategy and operations are guided by the expertise and long-term vision of the Malaysian family it represents. The firm's approach is characterized by a commitment to diversified asset management and a focus on real assets, reflecting the family's foundational business success in agriculture and real estate. The team leverages this deep-rooted industry knowledge to identify and cultivate investments that align with their wealth preservation and impact creation objectives.

HT Capital Limited (HTC) is an independent asset and property management company based in Hong Kong, established in 2013. The firm operates as a private equity real estate company, actively seeking investment opportunities with significant and untapped potential. HT Capital employs a value-add and opportunistic investment approach, focusing on strategic acquisitions and the repositioning of real estate properties to generate remunerative returns for its investors.The firm's investment scope extends beyond traditional real estate to include a diverse portfolio of private equity investments. HT Capital invests in both established and growth-oriented businesses, aiming to support entities that contribute to a healthy work-life balance. Their key investment projects encompass local and overseas property investments, real estate development, operations management, real estate brokerage through HT Agency, and mortgage financing via HT Solutions.HT Capital manages over USD 200 million in real estate projects and other assets. Its portfolio showcases a broad range of investments, including premium office towers, industrial/commercial buildings, luxury residential properties, and multi-storey car parks within the real estate sector. Beyond property, the firm has invested in an elite basketball training academy, an educational group, a biotech startup, and various ventures in the hospitality sector, such as sports bars and restaurants. Notable tech-related investments include companies focused on building high-performing engineering teams and connecting tech talent.The firm's expertise lies in identifying and capitalizing on undervalued assets and emerging opportunities across various sectors. With a base in Hong Kong, HT Capital demonstrates a regional and international investment outlook, evidenced by its partnerships for UK properties and investments in companies with a global reach, such as those leveraging African tech talent.

Kingdom Holding Company (KHC) is a prominent Saudi-based publicly listed investment management firm with a globally diversified portfolio. The company's investment strategy is centered on long-term value creation through disciplined capital allocation and active portfolio management. KHC's activities span across various key business lines, including equity investments, hospitality, and real estate, aiming to generate sustainable returns for its shareholders.Founded in 1979 by HRH Prince Alwaleed Bin Talal Alsaud, Kingdom Holding Company began as "Kingdom Establishment for Trading and Contracting." Over the decades, it evolved into a major investment powerhouse, known for its strategic partnerships and patient capital approach. The firm actively engages with its portfolio companies to enhance performance and accelerate growth, contributing to its reputation as a significant global investor.KHC boasts a diverse array of notable investments across multiple sectors and geographies. Its portfolio includes significant stakes in world-renowned companies such as Four Seasons Hotels & Resorts, Accor Group (which includes brands like Fairmont and Raffles), Citigroup, and X Corp (formerly Twitter), and xAI. Domestically, KHC is a key player in major real estate developments like the Jeddah Economic Company Tower, set to be one of the world's tallest, and the iconic Kingdom Centre in Riyadh. Other investments span aviation (Flynas), e-commerce (Alibaba, Baidu), and mobility (Uber, Lyft).Under the leadership of its Founder and Chairman, HRH Prince Alwaleed Bin Talal Alsaud, and CEO Eng. Talal Ibrahim Al Maiman, Kingdom Holding Company operates with a unified investment committee and a collaborative team of professionals. The firm's expertise lies in identifying high-quality opportunities that align with its long-term vision, supported by rigorous analysis, strong governance, and strategic oversight across its global and domestic holdings.

LI Family Office is a single-family office based in Hong Kong, established in 2008. The firm is dedicated to managing the wealth of the Li family, with a history rooted in private investments across real estate, technology, and financial services. They operate with a global investment mandate, deploying flexible capital across various asset classes and stages of development.The firm's investment strategy emphasizes active involvement, including participation in fund management and investments with strategic relevance. A core focus is on sustainable investments that aim to improve the quality of life at scale, providing returns for current and future generations while benefiting society. They frequently co-invest with other family offices, funds, and private investors to leverage expertise and expand investment and exit opportunities.LI Family Office primarily targets financial systems and sustainability-related sectors. Their diverse portfolio interests include food and agriculture, energy, materials, logistics, financial technology, education, health, and smart city solutions. While their real estate investments are primarily considered in distressed situations, their broader sector experience also encompasses clean technology, retailing, and TMT (Technology, Media, and Telecommunications).The executive management team actively manages the assets. Simon Littlewood is noted as a Director and Partner at LI Family Office, bringing over 30 years of experience in founding, investing in, building, and advising businesses globally, with significant expertise in private equity, fund management, and investment across Europe, Africa, North America, Latin America, the Middle East, and Asia. He is recognized for his work in the sustainability sector, having invested in this area since the early 1990s.

Founded in 2009 as Moelis Australia, MA Financial Group has evolved into a diversified financial services firm. Headquartered in Sydney, Australia, the company specializes in alternative asset management, lending, and corporate advisory services. In 2021, reflecting its expanded global operations and diversified services, the firm rebranded to MA Financial Group. MA Financial Group offers a broad range of investment solutions across private credit, real estate, hospitality, private equity, and venture capital. The firm manages over $10.3 billion in assets under management (AUM) and oversees approximately $139 billion in managed loans. Its investment approach focuses on delivering attractive, risk-adjusted returns through active management and deep sector expertise. With a team of over 700 professionals, MA Financial Group operates across multiple geographies, including Australia, China, Hong Kong, New Zealand, Singapore, and the United States. The firm's global presence enables it to identify and capitalize on investment opportunities across diverse markets, providing clients with access to a wide array of financial services and investment products.

Mapletree Investments is a leading Singapore-headquartered real estate development, investment, and capital management firm. Founded in 2000 and fully owned by Temasek Holdings, Mapletree adopts an integrated model that spans the full real estate value chain, including acquisition, development, management, and capital recycling. The firm manages both private equity real estate funds and publicly listed REITs, offering diversified exposure across global markets. As of March 2025, Mapletree manages approximately S$80.3 billion (~US$59 billion) in assets under management, with a presence in 13 markets including Asia-Pacific, Europe, the UK, and the United States. It focuses on scalable, high-growth sectors such as logistics, data centres, office spaces, and student accommodation. The group’s strategic investments and asset development are backed by strong in-house operational capabilities and a disciplined capital management approach. Mapletree’s business is driven by a long-term growth philosophy, underpinned by robust ESG practices and consistent profitability. Its portfolio includes three SGX-listed REITs and nine private real estate funds, catering to institutional investors globally. With a team of over 2,700 professionals worldwide, the firm continues to enhance its global footprint while delivering sustainable value across its investments.

Sete Partners is an independent investment holding and financial advisory firm with a strong presence in Latin America, China, and the Middle East. The firm specializes in Global Advisory, Asset Management, and Wealth Management, offering a comprehensive ecosystem of solutions for complex opportunities. Their services include the origination, structuring, and execution of intricate transactions such as M&A, joint ventures, and facilitating foreign investor entry into Brazil. They also focus on structuring and managing open-ended funds, structured credit vehicles like FIDCs, and alternative strategies including Private Equity and Real Estate. For wealth management, Sete Partners provides personalized asset management through managed portfolios and exclusive funds, granting access to differentiated opportunities in structured credit and alternative investments.The firm prides itself on aligning strategy, capital, and execution, supported by a team with extensive market expertise. Sete Partners has a track record of over 100 transactions executed and over R$50 billion advised, with more than R$1 billion under management. They have over 25 years of experience in the market, demonstrating a deep understanding of the regions they operate in.Notable activities include coordinating an official Saudi Arabia delegation to Brazil with over 100 executives and global players, connecting R$12 billion in deals between Brazil and China, and structuring Brazil's first nautical FIDC for boat financing through Sete Asset Management. Sete Partners also established a joint venture with China's Tianjin Food Group to introduce Brazilian brands, such as natural juices and açaí, to the Chinese market, highlighting their focus on cross-border business development and consumer goods.The senior and highly qualified team at Sete Partners includes André Skaf as Managing Partner, Caio Rufato as CEO of Global Advisory, and Victor Hossoda as CEO of Asset and Wealth Management. Their collective expertise drives the firm's ability to navigate complex global markets and deliver tailored financial solutions to their clients.

Temasek Holdings is a global investment company wholly owned by the Government of Singapore, operating with a long-term investment horizon. The firm strategically invests across a diverse portfolio, guided by four key structural trends: Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans. Its investment focus spans a broad range of sectors including technology, life sciences, agri-food, consumer, financial services, telecommunications, transportation, industrials, real estate, and energy, aiming to deliver sustainable returns over time.Incorporated on June 25, 1974, Temasek was initially established by the Singapore Ministry of Finance to commercially manage a portfolio of government-owned companies. This strategic move allowed the Singapore Government to concentrate on its core roles of policymaking and regulation. Over five decades, Temasek has evolved from managing a local portfolio valued at S$354 million at inception to becoming a prominent global institutional investor with a significant international presence.Temasek holds significant stakes in various companies globally, reflecting its active and disciplined investment approach. Its portfolio includes major investments in publicly listed entities such as BlackRock, Visa, NVIDIA, Mastercard, and Alphabet. The firm has also made notable private investments in companies like Element Materials Technology, Impossible Foods, Flywire Corporation, DoorDash, Zomato, Pine Labs, and Lenskart. Additionally, Temasek co-created Decarbonization Partners with BlackRock, demonstrating its commitment to sustainable investments.The firm operates with a multinational staff of approximately 960 people, encompassing 32 nationalities, across 13 offices in 9 countries. Temasek's culture emphasizes personal accountability and continuous capability building, guided by its MERITT values: Meritocracy, Excellence, Respect, Integrity, Teamwork, and Trust. Its leadership team, including Executive Director & CEO Dilhan Pillay Sandrasegara, brings extensive experience in investment, portfolio management, and corporate law, ensuring a disciplined and forward-looking investment strategy.

TPG is a prominent global alternative asset manager, established with a principled focus on innovation. The firm manages a substantial portfolio across diverse investment strategies, including private equity, impact investing, credit, real estate, and market solutions. TPG's approach is characterized by innovation-led growth, a keen eye for disruption, and a collaborative culture, enabling them to identify and capitalize on emerging industry trends.The firm was founded in 1992 by Jim Coulter and David Bonderman, former colleagues at the Bass Family Office. Starting with its first offices in San Francisco, TPG built its distinctive investment philosophy from its family office roots, entrepreneurial heritage, and a West Coast base. This foundation has fostered an ecosystem of insight and engagement across its various platforms and products, leading to organic growth and strategic diversification, such as the 2023 acquisition of Angelo Gordon, which significantly expanded its credit and real estate capabilities.TPG's investment activities span a wide array of sectors, with recent notable transactions including leading a $350 million strategic investment in Cambridge Mobile Telematics for AI-driven road safety, the launch of Velotic for industrial and manufacturing software, and the establishment of One Aged Care for senior healthcare services. The firm also announced the sale of Intersect to Google, a partnership with Findhelp to expand access to essential services, and investments in telecom infrastructure through TPG Peppertree and manufacturing with Sabre Industries. Additionally, TPG has been active in the financial services sector, launching Third Wave Insurance and extending agreements with Thrive Financial and OneMain Financial for consumer and auto loans.With over 1900 employees globally, including more than 700 investment and operations professionals, TPG boasts a deep bench of world-class executives and business leaders. The firm's substantial global footprint and extensive network are crucial for sourcing transactions, raising capital, and driving value across its investments. TPG is committed to fostering an inclusive culture, believing that diverse backgrounds and experiences lead to richer discussions, more strategic decision-making, and ultimately, stronger business outcomes.

Tsao Family Office (TFO) is a single-family office based in Singapore, established in July 2016 to manage the assets of the Tsao family. The firm operates with a core philosophy of 'Investing to Make Things Better,' aiming to achieve positive social, environmental, and financial outcomes through its capital allocation. TFO engages in both impact investing, with specific objectives in areas such as climate/environment, health, and education, and ESG investing, where collateral impact is considered alongside financial objectives. The financial returns generated by the Tsao Assets Trust are primarily used to fund the family's various philanthropic activities, including the Tsao Foundation and the Tsao Family Foundation.The Tsao family's legacy in business spans over a century, originating from the shipping industry with the Tsao Pao Chee Group, which traces its roots to China's Qing dynasty in the late 1800s. TFO serves as the strategic investment arm of the IMC Group, an integrated maritime and industrial solutions provider. In 2019, the firm underwent a significant expansion, establishing a dedicated investment management team. Tsao Family Office is also a Certified B Corporation and has been a signatory to the UN Principles for Responsible Investment since October 2019, underscoring its commitment to responsible and sustainable investment practices.TFO's diversified portfolio spans a wide range of asset classes, including equities (long and long/short), private equity (venture capital, growth, and buyouts), fixed income (impact bond funds and alternative strategies), private credit (direct lending, distressed, structured, and infrastructure), liquid alternatives, and real estate (fund investments globally and physical assets in parts of Asia). Notable investments include BlueMark, an impact verification provider, and commitments to funds such as TLG Capital's second Africa Growth Impact Fund, Chancen International's Future of Work fund, BlueOrchard Microfinance Fund, Wellington Global Impact Bond Fund, Omnivore (agriculture tech), and Somerset Indus (healthcare). The firm actively seeks opportunities in underserved markets where its capital can provide additional value, particularly in social impact initiatives across Asia, Africa, and Latin America.The leadership team at Tsao Family Office includes Bryan Goh as CEO, Michelle Chan as CFO, and Leslie Lim as Deputy CIO. Diana Watson leads Sustainability and Impact Investment, while Geraldine Ong heads Real Estate. The team's expertise covers various investment strategies and a strong focus on integrating sustainability and impact considerations into their investment decisions.